Mainland Chinese investors made a record net purchase of HK$29.6 billion (approximately $3.8 billion) in Hong Kong stocks on March 10, 2025, marking the highest single-day net inflow since the Stock Connect program began. This surge in investment occurred despite a decline in the Hang Seng Index, which fell 1.85% on the same day. The influx was driven by a strong interest in technology stocks, with major players like Alibaba and Tencent among the top buys. The following day, March 11, saw continued volatility in the Hong Kong market, with the Hang Seng Tech Index dropping over 1% while the Hang Seng Index narrowed its decline to 0.3%. Meanwhile, the Shanghai Composite Index showed slight recovery, turning positive. Additionally, the Nasdaq Golden Dragon China Index rose by 4%, with XPeng Motors surging over 17%. In a separate development, China's Hesai Technology secured a multi-year exclusive deal to supply Mercedes-Benz with LiDAR sensors, marking a significant milestone as the first such agreement with a foreign automaker for technology produced in China.